logo
Plus   Neg
Share
Email

BBVA Turns To Profit In Q1 - Quick Facts

BBVA Group (BBVA) reported that its first-quarter net attributable profit was 1.21 billion euros, compared to a loss of 1.79 billion euros in the prior year. The previous year result was impacted by the goodwill adjustment in the U.S. subsidiary and higher impairments and provisions.

Net attributable profit, excluding the results from discontinued operations, was 1.03 billion euros, a year-on-year growth of 139.4%.

Net interest income was 3.45 billion euros, down 14.2% from last year, due to the adverse interest rate scenario.

Net fees and commissions grew 0.8% year-over-year to 1.13 billion euros.

In BBVA plans to resume its dividend policy of a 35 to 40 percent payout in cash, once the restrictions from the European Central Bank are lifted.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Uber Technologies Inc. (UBER) Wednesday reported a first-quarter loss that narrowed from last year, despite revenues dropping 16%, reflecting a gain from sale of self-driving unit. The ride-hail service's fourth-quarter loss was narrower than Wall Street estimates, but revenues fell short of expectations.... Social media giant Facebook's Workplace business tool has breached the seven million paid subscribers mark at a time when jobs have gone remote and is now the new normal amid the ongoing pandemic. The number of paid subscribers has grown 40 percent from last year. General Motors Co. (GM) Wednesday reported a profit for the first-quarter that surged from last year, driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, as well as the industry recovery in China. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates.
RELATED NEWS
Follow RTT